Bank Unions plan to go on strike against privatisation on March 15-16

Meet in Hyderabad to discuss Budget announcements on privatisation of IDBI Bank and two Public Sector Banks, setting up bad bank, LIC disinvestment among other things

Bank Unions have threatened to go on strike on March 15 and 16 against the government's plan to privatise Banks.

C H Venkatachalam, General Secretary, All India Bank Employees' Association (AIBEA) said that a meeting of United Forum of Bank Unions was held at Hyderabad today.

The meeting adopted a Resolution urging upon the Government to reconsider their standpoint and find amicable solutions to the demands of the farmers.

The meeting discussed the various announcements made in the Budget regarding measures such as privatisation of IDBI Bank, two public sector banks and one general insurer, setting up of a bad bank, disinvestment in